Following its announcement of 20 June 20121, the Government has now published (on 27 June 2012) a formal consultation paper on executive remuneration reporting requirements in line with the proposals it out-lined last month. The consultation paper includes draft regulations, which will apply to all quoted companies, setting out the proposed form and content of the directors’ remuneration report.
Responses to the consultation are requested by 26 September 2012. The Government intends that the changes will apply for financial years ending after October 2013.
Directors’ Pay: Consultation on revised remuneration reporting regulations available at: http://www.bis.gov.uk/assets/biscore/business-law/docs/d/12-888-directors-pay-consultation-remuneration-reporting.pdf